"The state of California is one of the most expensive states to live in across the United States of America. In fact, during the cost of living crisis that engulfed the country in 2022, residents in the Golden State witnessed some of the highest gas prices in the country, with the increased cost of living creating havoc amongst those from low-income households. The pain is set to continue into 2023 with America now on the brink of a recession. In fact, several technology companies situated in the state have started implementing mass layoffs, which will undoubtedly have a knock-on effect on the rest of the community."

"The state of California is one of the most expensive states to live in across the United States of America. In fact, during the cost of living crisis that engulfed the country in 2022, residents in the Golden State witnessed some of the highest gas prices in the country, with the increased cost of living creating havoc amongst those from low-income households. The pain is set to continue into 2023 with America now on the brink of a recession. In fact, several technology companies situated in the state have started implementing mass layoffs, which will undoubtedly have a knock-on effect on the rest of the community."

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter1: The Role And Method Of Economics

Section: Chapter Questions

Problem 8P

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